Robotics End-Of-Arm Tooling Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR44958
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The robotics end-of-arm tooling market size has the potential to grow by USD 115.78 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (material handling, assembly line, welding and soldering, surface treatment and finishing, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Applied Robotics Inc., ASS Maschinenbau GmbH, ATI Industrial Automation, Dover Corp., EMI Corp., EQT AB, Festo SE & Co. KG, FIPA GmbH, Intelligente Peripherien für Roboter GmbH, and Toyota Industries Corp.

What will the Robotics End-Of-Arm Tooling Market Size be in 2020?

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Who are the Major Robotics End-Of-Arm Tooling Vendors?

The robotics EOAT market is fragmented. The competition between the vendors in the market is intense in terms of the product features, price, and level of customization offered. The established vendors have been focusing on geographical expansion, increasing production capacities, and launching new products to meet end-user demands. These major players will have to strengthen their strategies to retain their market shares. This is because the competitive environment in this market is expected to intensify during the forecast period. Applied Robotics Inc., ASS Maschinenbau GmbH, and ATI Industrial Automation are some of the major market participants. Although the rise in demand for modular end-of-arm tooling will offer immense growth opportunities, the limited adoption of industrial robots in the SME sectors will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this robotics end-of-arm tooling market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this robotics end-of-arm tooling market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Applied Robotics Inc.
  • ASS Maschinenbau GmbH
  • ATI Industrial Automation
  • Dover Corp.
  • EMI Corp.
  • EQT AB
  • Festo SE & Co. KG
  • FIPA GmbH
  • Intelligente Peripherien für Roboter GmbH
  • Toyota Industries Corp.

Which are the Key Markets for Robotics End-Of-Arm Tooling?

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APAC was the largest robotics end-of-arm tooling market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The reduction in the price of sensors and other hardware components will significantly drive robotics end-of-arm tooling market growth in this region over the forecast period.

152% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for robotics end-of-arm tooling in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major Application Segments in the Robotics End-Of-Arm Tooling Market?

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The growth of the material handling market segment is expected to gain traction because of increased demand for industrial robots for applications such as pick and place, bin picking, loading and unloading, press tending, packaging, die-casting, forging, and forming during the forecast period. Over the years, the vendors have also been focusing on customization to ensure that their end-of-arm-tooling equipment is modular and to eliminate the need to switch end-of-arm-tooling devices for varying tasks. This market segment has been gaining traction as manufacturers are increasingly integrating industrial robots with end-of-arm-tooling into their factory floors.

Market growth in this segment will be faster than the growth of the market in the assembly line and welding and soldering segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the robotics end-of-arm tooling market size.

How will modular EOAT Influence Robotics End-Of-Arm Tooling Market Growth?

The continuously rising demand for modular EOAT is one of the key factors promoting the growth of the market. Manufacturers have been increasing their investments in industrial robots for assisting in a varied range of activities which human workers or alternative systems are performing. For achieving this, various end-user industries are increasing the adoption of EOAT which can handle multiple sizes, geometries, materials in multiple tasks without having to switch from one EOAT to another. Furthermore, vendors have been incorporating advanced features including servo motors and pre-configurability using multiple axis controllers in grippers. These servo-based grippers are being used by the robotic EOAT to adapt with irregularities through enhanced positioning capabilities. The incorporation of advanced features not only provide modularity but also make the EOAT more user-friendly. Consequently, users with minimal knowledge of programming can also use robotic EOAT, in turn, boosting their adoption in the forthcoming years resulting in the market to register a CAGR of almost 1% during the forecast period.

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What are the Key Factors Covered in this Robotics End-Of-Arm Tooling Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive robotics end-of-arm tooling market growth during the next five years
  • Precise estimation of the robotics EOAT market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotics end-of-arm tooling industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotics end-of-arm tooling market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The robotics end-of-arm tooling market growth will increase by $115.78 million during 2019-2024.
The robotics end-of-arm tooling market is expected to grow at a CAGR of 0.63% during 2019-2024.
Technavio has segmented the robotics end-of-arm tooling market by application (Material handling, Assembly line, Welding and soldering, Surface treatment and finishing, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
Applied Robotics Inc., ASS Maschinenbau GmbH, ATI Industrial Automation, Dover Corp., EMI Corp., EQT AB, Festo SE & Co. KG, FIPA GmbH, Intelligente Peripherien für Roboter GmbH, Toyota Industries Corp. are a few of the key vendors in the robotics end-of-arm tooling market.
APAC will register the highest growth rate of 152.39% among the other regions. Therefore, the robotics end-of-arm tooling market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • Japan
  • US
  • South Korea (Republic of Korea)
  • Germany
The key factors driving the robotics end-of-arm tooling market growth are:
  • Rise in demand for modular end-of-arm tooling
The robotics end-of-arm tooling market vendors should focus on grabbing business opportunities from the material handling segment as it accounted for the largest market share in the base year.
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